iPhone sales level off, Apple misses revenue estimates despite record quarter
Apple sold 74.78 million iPhones in the holiday quarter, up just slightly from the 74.47 million sold by the company a year earlier. The result avoids the iPhone’s first ever year-over-year decline in unit sales, but raises questions about the future growth potential for the iconic smartphone. The company reported the number as part of its quarterly earnings this afternoon. Apple’s overall revenue of $ 75.9 billion was less than the consensus of $ 76.6 billion among analysts polled in advance by Thomson Financial. Earnings came in at $ 3.28 per diluted share, beating analysts’ estimates of $ 3.23 per share. Mac unit sales were… Read More
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